Articles Posted inDivorce

Dennis Quaid is divorced again and this time he has to divide much more than he did with his prior famous wife Meghan Ryan . This new wife is no famous nor did she have the income that his prior famous wife had. Apparently there is as lot of property and children to divide and since he is the bread winner he will have to fork up way more money to her than she to him. When you are a movie star you make movies and wives or husbands that are married or famous celebrity movie stars can make a very good investment for their future.

A movie is like putting money way in the bank for the celebrities and their exes. Because movies have something called residuals. Residuals pay out into the future and are determined by how well the movie does in future years. So if a party was married for a number of years to their movie star spouse and then divorce they can claim residuals for the movies that were made during the life of the marriage. Its pretty cool I would say. So Kimberly Quaid will be receiving a portion of Dennis Quaid’s residuals for her entire life as long as the movie that was made during her marriage makes money down the road.

As many of you remember Dennis Quaid had a pair of twins boys who are 10 years old. The boys were the subject of lawsuit against Cedar Sinai Hospital when they were born because the hospital accidentally gave them Heparin and they almost died. Apparently the couple will share joint custody of the boys. There are two types of custody the family court recognizes. Legal custody is where both parents will decide the best schools and medical care for the child. physical custody is how the time share will be distributed. Dennis Quaid is said to have gotten 25% of the timeshare and Kimberly Quaid got 75%.

Married at First Sight” star Nate Duhon last week filed to divorce Sheila Downs, whom he met and married last year at the Palmer House Hilton as cameras rolled for the Lifetime network series. What is not stated about divorces is that getting married can be very easy and without any complications. However, getting divorced can be very complicated and very difficult. The fun out of the married and whats next a divorce. This is what is sounds like occurred to the couple on the Chicago season of Married at First Sight. Im not sure how well the contestants knew each other before they got married. But from the looks of it they probably did not know each other very well

Duhon, 26, cited irreconcilable differences in his Nov. 14 filing in Cook County court. Downs lives in Arlington Heights, while Duhon has moved back to his home state of Michigan, court records show. Downs and Duhon, who both did not respond to a Tribune request for comment, are the second “Married at First Sight” couple from Season 5 to split.

Apparently Duhon was not the first contestant to seek a divorce on this show as Genoa native Cody Knapek filed for divorce from Chicago dietitian Danielle DeGroot on Sept. 26. That case is expected to be heard in court Wednesday.

It has come to the attention of the public that the ongoing divorce saga of Brad Pitt and Angelina Jolie has made a very interesting turn on the part of the Brad Pitt. It was revealed that Pitt and Jolie have a $400 million divorce. It has become apparent that Brad Pitt has seriously tried to settle the divorce from Angelina Jolie. He does earn more than her however she does earn a substantial amount of money as well. However, during long term marriages in California both parties have to maintain the standard of living they had lived during the marriage. Therefore Brad Pitt after having consulted his lawyer probably decided to make an initial offer to Angelina in a show of good faith. However Angelina turned down Brad’s divorce settlement offer. “Brad basically told his attorney to give Angie whatever amount of money she wants to settle the divorce, even though they have a prenup,” an insider tells us, adding “he is willing to give her half” of his $250 million fortune. Having a prenuptial agreement is a strong position for Brad Pitt to be in under these circumstances where he might have earning more money than Angelina. However, I think Brad is not holding fast to a document that will dictate how his finances are disbursed during a divorce. He is definitely taking the high road. He is also thinking about how Angelina needs to live and how she lived during the marriage.

But despite his generosity, Angelina, 42, won’t take it. “Angie has rejected every single monetary settlement offer,” says the insider, adding that she’s also continued to push back on his efforts to gain more custody of their six kids, Maddox, 16, Pax, 13, Zahara, 12, Shiloh, 11, and twins Knox and Vivienne, 9. Herein lies the problem with settling the divorce. If Angelina is holding tight to keep Brad out of the children’s lives it could be a long and drawn out divorce that might not have an immediate end as to an entire divorce judgment on all issues. There might be a reservation on certain issues that will be litigated in the future if need be.

“He isn’t trying to buy Angie off and couldn’t care less about how he is perceived in the public eye when they do come to an eventual settlement,” says the insider, explaining that after weathering a child abuse investigation last year (he eventually was cleared of any wrongdoing) and publicly confessing that he’s struggled with alcohol issues for years, Brad, 53, feels he has nothing left to lose. “Brad’s motivation is first and foremost the kids,” insists the insider. “Giving Angie a substantial chunk of his fortune will give the kids the quality of life they are used to with no changes.”

A proposed dramatic change to the tax rules of divorce in the House Republicans’ tax reform bill (the Tax Cuts and Jobs Act) would undoubtedly create additional burdens to couples getting divorced if it becomes law.

The bill would eliminate the tax deduction for alimony and make alimony income tax-free to the recipient for divorce decrees executed after December 31, 2017; it wouldn’t affect existing divorces. The Senate Republicans’ tax reform bill does not change the alimony rules.

Under current law, ex-spouses who pay alimony can deduct the expense from their federal income taxes; ex-spouses receiving alimony payments have to claim the money as taxable income. (The bill’s alimony provision is projected to raise about $8 billion in tax revenue over 10 years.)

Spousal support payments mandated by divorce agreements could lose their beneficial tax treatment.

The Tax Cuts and Jobs Act, unveiled on Thursday, includes a provision to kill the deduction that taxpayers get for making such payments to an ex-spouse. Although it’s just one of the many tax breaks eliminated under the legislation, experts say it will end up most hurting the person receiving the money.

“Spousal support payers won’t be able to afford to give as much because they’ll have to give it to Uncle Sam instead,” said Nancy Hetrick, a certified divorce financial analyst and senior advisor at Better Money Decisions in Phoenix, Arizona. “There will be less money to go around to support the two households.”

The best time to get married is when you feel ready, and when you’ve found someone you think you can spend a lifetime with. Don’t force anything — or put it off — because a study told you to do so. There are many criteria that go into getting divorced.

That said, research does suggest that couples who marry in their teens and couples who marry in their mid-30s or later are at greater risk for divorce than couples in their late 20s and early 30s. The risk is especially high for teenage couples.

When the researcher, Alexandra Killewald, looked at heterosexual marriages that began after 1975, she learned that couples in which the husband didn’t have a full-time job had a 3.3% chance of divorcing the following year, compared to 2.5% among couples in which the husband did have a full-time job.

Miguel Cabrera’s wife of 15 years filed for divorce just prior to the start of the 2017 baseball season, another off-field distraction the Tigers’ superstar slugger was facing as he struggled through the worst year of his professional career.

Rosangel Cabrera filed the dissolution-of-marriage paperwork March 17, saying the relationship is “irretrievably broken,” and Cabrera agreed in his response dated April 18. This is according to court documents obtained by The Detroit News from the Miami-Dade County Civil, Family and Probate Courts system. These are the standard reasons to file a divorce in the State of California and in Orange County California. Often people think that there needs to be a defense when filing a response to divorce but there does not.

It wasn’t immediately clear where the proceedings stand, though a final hearing is scheduled for 8:30 a.m. Monday before Judge Abby Cynamon in Miami. An attorney for Rosangel Cabrera declined comment. Cabrera is listed as not having an attorney of record, after his attorney filed to withdraw from the case earlier this month. A message left with his previous attorney has not been returned.

The case of the blade runner movie is an interesting take on the division of property and the future interest a spouse could make money based on a savvy lawyer and as smart ex spouse. Divorces are not meant to be cut and dry often and can be entered into very creatively and carefully.

Take, for example, ‘Blade Runner 2049,’ which has Bud Yorkin’s first and second wife fighting in court.

Hollywood certainly loves iteration. But let it be said that there can never be too much of a good thing. When sequels and multiple marriages mix, things get complicated. Indeed, it’s a recipe for legal action.Take Blade Runner as an example. The original 1982 sci-fi classic about an ex-cop hunting “replicants” was co-executive produced by Bud Yorkin, best known for TV shows like All in the Family and Sanford and Son. When Blade Runner came out, he was married to Peg Yorkin. The two got divorced in 1986, and as is customary, they divided assets. A 50 percent share of Bud’s interest in Blade Runner was part of the divorce decree.So what about Blade Runner 2049, the critically acclaimed sequel now out in theaters? Is Peg getting anything? Turns out, she probably will be thanks to an arbitration award, which has now landed in open court.In 1989, Bud married a second woman — Cynthia Yorkin. In the 1990s, Bud and Cynthia became interested in selling derivative rights in Blade Runner so that a sequel could be made. To accommodate such efforts, Peg agreed to reduce her own interest in Blade Runner Derivative Holdings, Llc., from 25 percent to 15 percent. But there was a condition. If a sequel to Blade Runner came, and if a producing services agreement was entered into for this sequel by a member of Bud’s immediate family, she’d be entitled to 25 percent of any contingent compensation payable under that deal.Peg’s lawyer at the time was careful. According to court papers, to protect against a deal for a Blade Runner sequel being structured in a way that denied her benefits — i.e., cash that would have otherwise been for the purchase of derivative rights diverted to a producer’s fee — Bud and Peg agreed to a different compensation structure in the event of a producer services agreement that wasn’t “bona fide” and “customary.”That ended up coming up once Alcon Entertainment paid $11 million to purchase the derivative rights to Blade Runner and then went about getting Blade Runner 2049 made.Bud Yorkin, who died at the age of 89 in 2015, and Cynthia Yorkin (also known as Cynthia Sikes) both became producers on Blade Runner 2049. They got fixed compensation, not contingent participation, so the question arose whether their arrangements amounted to a non-customary, disguised rights payment.

If you don’t want to get divorced, then you should consider a career as an actuary. The Institute for Family Studies (IFS) recently took a look at the careers with the highest and lowest divorce rates. Actuaries had the lowest divorce rate (17%) among the professions the group looked at, followed by physical scientists, life scientists, clergy, and software developers. Obviously it is difficult to determine who and why a person or couple gets divorced. Thus a statistical research on the professions that get divorced is a very possibly suspect research. On saying that it does make sense at some level that a job that is low pressure and does not demand the emotional and possibly commitment that other jobs does makes for a better home life. To make sure a relationship works it takes time and energy and commitment to the relationship.

The study found that people who make less money are in general more likely to get married—but also more likely to get divorced. Wealthier people, in general, report being in happier marriages than lower-income individuals (perhaps because they aren’t as stressed about money). Fifty-three percent of people in lower income marriages rate themselves as happy versus 70% of people in upper-class marriages. This is an interesting statistic. Ironically marriages are based mainly on splitting financial issues. Most divorces deal strictly with dividing assets. Also when money is not the topic of discussion in marriages it makes sense that the divorce rates are lower.

Of course marriage is not soley composed of financial issues but more about who the people are when they enter the marriage. The most important aspect of the relationship is how people treat each other regardless of money or anything else.

It should come as no surprise that divorce is linked to alcohol (ab)use. Research consistently shows that, compared to married people, divorced people drink more and in more harmful ways(e.g. binge drinking), are more likely to have a lifetime or recent alcohol use disorder (AUD) diagnosis, engage in more alcohol-related risky behaviors, and have higher alcohol-related mortality. The issues of divorce tend to be life altering and can permanently alter a persons future as far as relationships and children. The fight over financial support, property division and custody are so harrowing that people need a break from reality. Alcohol provides the antidote to to peoples divorce problems

Past studies have found some evidence that this link might be causal, such that alcohol abuse increases the risk of subsequent divorce. Now a recent study published in the American Journal of Psychiatry in May 2017 strengthens the evidence that link might be causal in the other direction, too: Divorce increases the risk for subsequent alcohol abuse. It seems the effect of the process of divorce can make a person suffer some sort of mental impairment that needs to get remedied. Alcohol might be the quickest and fastest way to numb the pain that results.

Based on a population-based Swedish study of almost 950,000 Swedes born between 1960 and 1990 who married in or after 1990 and who had no AUD diagnosis prior to marriage, this new study found that, after divorce, the rates of first-time AUD increased sixfold in men and over sevenfold in women. These rates remained greatly elevated even after controlling for potential confounding factors, including prior problem behavior, low parental education, and familial risk of AUD.